Samuel Corum/Getty Images Elon Musk announced his artificial intelligence company, xAI, acquired his social media platform, … Elon Musk says his company xAI just bought his other company X for $33 billionRead more
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Elon Musk’s AI startup acquires X in deal that values social media platform at $33 billion
Elon Musk at Tesla’s design studio in Hawthorne, Calif., on March 14, 2019. Elon Musk said … Elon Musk’s AI startup acquires X in deal that values social media platform at $33 billionRead more
JPM fraudster Charlie Javice says she can’t wear an ankle monitor before her sentencing because she teaches pilates
Charlie Javice’s attorney says she couldn’t possibly wear an ankle monitor now because she makes her … JPM fraudster Charlie Javice says she can’t wear an ankle monitor before her sentencing because she teaches pilatesRead more
Musk’s xAI Startup Swallows Up X Social Network in Surprise Deal
(Bloomberg) — Elon Musk said his xAI artificial intelligence startup has acquired the X platform, which … Musk’s xAI Startup Swallows Up X Social Network in Surprise DealRead more
Elon Musk sells X to his own xAI for $33 billion in all-stock deal
Elon Musk has sold social media site X to his own xAI artificial intelligence company in … Elon Musk sells X to his own xAI for $33 billion in all-stock dealRead more
Sanctioned Russian tanker firm Sovcomflot’s transportation volumes fell 16% in 2024
(Reuters) – Russia’s leading tanker group Sovcomflot’s saw transportation volumes drop around 16% to 63 million … Sanctioned Russian tanker firm Sovcomflot’s transportation volumes fell 16% in 2024Read more
Oil holds near one-month high, set for third week of gains amid supply woes
By Siyi Liu SINGAPORE (Reuters) -Oil prices eased a touch but held near one-month highs on … Oil holds near one-month high, set for third week of gains amid supply woesRead more
Liberty CEO Gusek sees modest impact of steel tariffs on oilfield services
By Shariq Khan NEW YORK (Reuters) – Oilfield service providers will face modest hits to earnings … Liberty CEO Gusek sees modest impact of steel tariffs on oilfield servicesRead more
Factbox-Energy assets affected by Russia-West standoff and sanctions
(Reuters) – The United States reached separate deals on Tuesday with Ukraine and Russia to halt … Factbox-Energy assets affected by Russia-West standoff and sanctionsRead more
OpenAI Close to Finalizing $40 Billion SoftBank-Led Funding
(Bloomberg) — OpenAI is close to finalizing a $40 billion funding round led by SoftBank Group … OpenAI Close to Finalizing $40 Billion SoftBank-Led FundingRead more
One word played a starring role in the closing arguments of Frank founder Charlie Javice’s trial
Charlie Javice is on trial in New York.Charlie Javice There were daylong closing arguments Wednesday in … One word played a starring role in the closing arguments of Frank founder Charlie Javice’s trialRead more
US crude stockpiles fall as refining continues to rise, EIA says
By Stephanie Kelly NEW YORK (Reuters) -U.S. crude oil inventories fell last week as refiners continued … US crude stockpiles fall as refining continues to rise, EIA saysRead more
Grab Seeks Up to $2 Billion Loan for Potential Takeover of GoTo
(Bloomberg) — Singaporean ride and delivery firm Grab Holdings Ltd. is in talks to raise a … Grab Seeks Up to $2 Billion Loan for Potential Takeover of GoToRead more
Beware a swelling bubble in AI data centers, Alibaba chairman says
Tyler Le/BI A bubble is forming amid the scramble to build data centers to power the … Beware a swelling bubble in AI data centers, Alibaba chairman saysRead more
Intel’s new CEO might have the last best chance to turn around the company — here’s how he could do it
Investors are betting on new Intel (INTC) CEO Lip-Bu Tan to turn around the troubled chipmaker. … Intel’s new CEO might have the last best chance to turn around the company — here’s how he could do itRead more
Shell ups shareholder distributions, cuts spending
LONDON (Reuters) – Shell increased its shareholder distribution policy on Tuesday to 40-50% of cash flow … Shell ups shareholder distributions, cuts spendingRead more